Bring Jobs Home Act
Latest action · May 8, 2012 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 8, 2012
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Bring Jobs Home Act - Amends the Internal Revenue Code to: (1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and relocating it within the United States, and (2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. Requires an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from May 8, 2012 to Jul 16, 2012; 2 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-RI | Sheldon Whitehouse | Original | May 8, 2012 |
| D-OH | Sherrod Brown | Original | May 8, 2012 |
| D-DE | Christopher A. Coons | May 9, 2012 | |
| D-NY | Charles E. Schumer | Jun 12, 2012 | |
| D-OR | Jeff Merkley | Jun 28, 2012 | |
| D-IL | Richard J. Durbin | Jun 28, 2012 | |
| D-CT | Richard Blumenthal | Jul 16, 2012 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred May 8, 2012 |
Actions 2
Everything that happened, newest first.
- May 8, 2012Introduced in Senate
- May 8, 2012Read twice and referred to the Committee on Finance.
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3364 | Bring Jobs Home Act | Identical bill | Jul 19, 2012 |
| HR 5542 | Bring Jobs Home Act | Related bill | May 8, 2012 |
| HR 6152 | Bring Jobs Home Act | Related bill | Jul 19, 2012 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to provide an incentive for businesses to bring jobs back to America.
- Short Titles as Introduced
- Bring Jobs Home Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- May 8, 2012Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
